Flagler's $1B Fla. Rail Project To Start In Miami

Law360, New York (June 28, 2012, 11:32 AM EDT) -- A Flagler Development Group LLC unit gained steam on its $1 billion Florida rail line project when the company confirmed Thursday it had zeroed in on a downtown Miami site to build its southernmost station with plans for a 2014 start.

Florida East Coast Railway LLC has set its sights on a nine-acre stretch of land bookmarked between the current Miami-Dade government center and the city's old sports arena, which it already owns. Further, the company will soon announce a “major, well-known international firm” to help...